Reasons to order an appraisal from Frances C. Fredieu

To a lot of us, an appraisal is simply a line item in the long list of items for a home purchase or refinance. While there are a budding number of automated home valuation processes that might appear to be more practical than an appraisal, most lenders still call for a local expert because the stakes are incredibly high. But is obtaining a mortgage the only reason to get an appraisal? Are there additional cases when the services of a licensed, independent real estate professional could be helpful? Absolutely.


	Contact Frances C. Fredieu if you're planning on any transaction where the worth of your house is a factor. Just click here

Let Frances C. Fredieu help you appeal your tax assessment in Rapides Parish

If you live in an area where property values have depreciated, it's possible you're paying too much in property taxes. When building your case, an appraisal from Frances C. Fredieu is your best evidence. We're qualified to assist you in disputing your tax assessment.

Frances C. Fredieu can help you get rid of PMI to lower your mortgage payment

When the amount being loaned to the buyer is more than 80% of the actual value of the real estate, most lenders ask home buyers to buy an supplemental insurance plan. That policy is Private Mortgage Insurance, or PMI. Seeing that added payment is usually folded into the monthly mortgage payment, it is often forgotten. PMI is unnecessary when the leftover balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% level, making this very unfavorable. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress that requires lenders to eliminate the PMI installments when the balance is paid down to 78% of the original value.

Frances C. Fredieu will give you a statement regarding the value of your home, and the price you paid for the appraisal can often be recovered in a short amount of time because you'll no longer be paying the PMI.

Settling a divorce with less stress

A divorce is often complicated by the strenuous decision of who keeps the property, and it can be a particularly traumatic event for both parties. So both parties are entirely aware of the true market value of their property, it's a good idea to order an appraisal from Frances C. Fredieu, regardless of the circumstances.

If the parties need to sell the home, they'll have a clearer picture of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.

Trustworthy estate liquidation

The loss of a loved one is a difficult time in life, and settling an estate from a death, or probate, often requires an appraisal to establish Fair Market Value for the real estate involved. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the maximum degree of discretion.

Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to take care of these issues. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of significant importance to ensuring disputing parties walk away knowing they've gotten a fair deal.

Let Frances C. Fredieu help you with relocating to or from Rapides Parish

We understand the stress associated with an employee relocation. That's why we take great care in setting up an accommodating appointment time for the appraisal inspection. During our detailed process, we recommend employees that are moving to provide input on the positive characteristics of their property, as well as information about any current sales or listings in their area that they want considered.

Sell your home quickly at the right price

A professional appraisal will help you make a more informed decision when determining your selling price, whether you want to sell your home on your own or with the help of a real estate agent. Separate from a real estate agent, an appraiser has no vested interest in what amount the house sells for. Our fees depend on our efforts to finish the appraisal report and and aren't related to the sales price.

We examine the difference in value items like an additional bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a reliable way to determine what improvements will add value and what an appropriate sales price is for your home - so you don't come up short or have your house on the market an unnecessarily long time - because we're experts in knowing how long properties are one the market.